WB report: How Eight Cities Succeeded in Rejuvenating their Urban Land

Article published on http://www.worldbank.org on July 13, 2016.

The single most crucial component in rejuvenating decaying urban areas around the world is private sector participation, according to a report released today from the World Bank and the Public Private Infrastructure Advisory Facility (PPIAF) during the World Cities Summit taking place in Singapore this week.

Urban regeneration projects are rarely implemented solely by the public sector.  There is a need for massive financial resources that most cities can’t meet,” said Ede Ijjasz-Vasquez, Senior Director for the World Bank’s Social, Urban, Rural and Resilience Global Practice.  “Participation from the private sector is a critical factor in determining whether a regeneration program is successful – programs that create urban areas where citizens can live, work, and thrive.”

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Upcoming Smart City Events


July 10-14, Singapore

The World Cities Summit 2016 will explore how cities can better govern and build up resilience through policy, technology and social innovations. With active engagement, there will be more opportunities for the public, private and people sectors to co-create innovative and integrated urban solutions for a more livable and sustainable future. Click here.

July 12, IDB HQ, Washington D.C.

International Experts at Migrating from a Traditional City Management to a Smart City Management seminar will present specific “Smart City” Case Studies from Rio de Janeiro, Medellin, Singapore, Tel Aviv, Songdo, Orlando, among others. “The Road Towards Smart Cities”, a publication that proposes a roadmap for carrying out this transformation, will be launched and private sector partners will present innovative solutions and successful implementation of “Smart City” solutions. Click here.

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